Buy above 84.78. Stop loss at 84.39. Take profit at 86.13.
Reason for the trading strategy (technically):
We remain bullish on AUDJPY looking to buy above 84.78 support (Fibonacci retracement, swing low support) for a corrective bounce up to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support above 1.4% where we expect a corresponding bounce from.
Reason for the trading strategy (technically):
We remain bullish on AUDJPY looking to buy above 84.78 support (Fibonacci retracement, swing low support) for a corrective bounce up to at least 86.13 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,3,1) is seeing major support above 1.4% where we expect a corresponding bounce from.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.